Palm oil is one of the world's most produced and consumed oils. This cheap, production-efficient and highly stable oil is used in a wide variety of food, cosmetic and hygiene products, and can be used as source for bio-fuel or biodiesel. Most palm oil is produced in Asia, Africa and South America because the trees require warm temperatures, sunshine and plenty of rain in order to maximize production.
Global production of palm oil will increase to 62.88 million tons in 2017, and the production is expected to reach to 72.95 million tons in 2022, at a CAGR (Compounded Annual Growth Rate) of 3.02% between 2017 and 2022. Indonesia and Malaysia have still the largest production of palm oil.
In the long term, global palm oil demand shows a tendency to increase as the world total population is growing and therefore increasing the consumption of palm oil-based products. India and China will be still the largest consumption of palm oil.
The export volume is huge for palm oil industry. Indonesia and Malaysia are the main exporters.
Although sales of palm oil brought a lot of opportunities, the study group recommends the new entrants must consider adequately the probable risks before entering the industry.
According to this study, over the next five years the Palm Oil market will register a 5.3% CAGR in terms of revenue, the global market size will reach USD 54700 million by 2024, from USD 40200 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Palm Oil business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Palm Oil market by product type, application, key manufacturers and key regions and countries.
This study considers the Palm Oil value and volume generated from the sales of the following segments-
Segmentation by product type- breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Crude Palm Oil
Palm Olein
Segmentation by application- breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Foods
Bio-Diesel
Surfactants
Cosmetics
Others
This report also splits the market by region- Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report- Breakdown data in in Chapter 3.
Felda Global Ventures
IOI
Sime Darby Berhad
Musim Mas
Astra Agro Lestari
Bumitama Agri
Genting Group
KLK
WILMAR
RGE Pte
Indofood Agri Resources
Golden Agri Resources
First Resources
Sampoerna Agro
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Palm Oil consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Palm Oil market by identifying its various subsegments.
Focuses on the key global Palm Oil manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Palm Oil with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Palm Oil submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
